REGISTERED NUMBER: 11233767 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Meanwhile Space Social Enterprise

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms E K F Berwyn

E O Bridgeman

REGISTERED OFFICE:

43 Berkeley Square

London

W1J 5FJ

REGISTERED NUMBER:

11233767 (England and Wales)

ACCOUNTANTS:

FWD Accounts Limited

7 Forbes Business Centre

Kempson Way

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

3

12,391

18,087

Investments

4

50

50

12,441

18,137

CURRENT ASSETS

Debtors

5

134,059

116,905

Cash at bank

2,852

682

136,911

117,587

CREDITORS

Amounts falling due within one year

6

687,243

448,851

NET CURRENT LIABILITIES

(550,332

)

(331,264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(537,891

)

(313,127

)

CREDITORS

Amounts falling due after more than one year

7

(41,437

)

(63,096

)

PROVISIONS FOR LIABILITIES

(3,698

)

(4,522

)

NET LIABILITIES

(583,026

)

(380,745

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(583,126

)

(380,845

)

(583,026

)

(380,745

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Ms E K F Berwyn - Director

E O Bridgeman - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

64,950

Additions

213

At 31 December 2024

65,163

DEPRECIATION

At 1 January 2024

46,863

Charge for year

5,909

At 31 December 2024

52,772

NET BOOK VALUE

At 31 December 2024

12,391

At 31 December 2023

18,087

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

50

NET BOOK VALUE

At 31 December 2024

50

At 31 December 2023

50

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

27,761

18,464

Other debtors

106,298

98,441

134,059

116,905

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

31,451

27,276

Trade creditors

304,277

227,910

Taxation and social security

153,305

101,296

Other creditors

198,210

92,369

687,243

448,851

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

41,437

63,096

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31/12/24

31/12/23

£

£

E O Bridgeman

Balance outstanding at start of year

54,480

17,263

Amounts advanced

6,102

37,217

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

60,582

54,480

Ms E K F Berwyn

Balance outstanding at start of year

17,463

17,173

Amounts advanced

-

290

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,463

17,463